Indexology®: It’s So Bad, It’s Good
April 24, 2015 at 07:00 AM EDT
The highest weekly U.S. crude oil stockpiles going back to 1982 and the highest monthly inventories back to 1930 were announced by the U.S. Energy Information Administration (EIA) yesterday. By now, the market is so oversupplied with oil in the near term that more or less supply shouldn’t matter...